Cobalt Nitrate Global Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application

February 2025 | 82 pages | ID: C9D0F91CA5A1EN
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Overview
The cobalt nitrate market is projected to experience significant growth over the next few years, driven by increasing demand in various applications such as industrial catalysts, dyes, and ink manufacturing. Cobalt nitrate, a blue crystalline salt, is widely utilized in the chemical and coatings industry due to its properties that enhance color and drying speed.

Market Size
The global cobalt nitrate market was valued at approximately USD 450 million in 2023 and is projected to reach around USD 600 million by 2030, growing at a CAGR of approximately 5.5% during the forecast period of 2025 to 2030.

Market Share & Trends Analysis
By Product Type
The cobalt nitrate market is segmented into several product types including:

Cobalt Nitrate Hexahydrate
Cobalt Nitrate Tetrahydrate

Cobalt nitrate hexahydrate reigns as the dominant product type, accounting for approximately 68% of the market share in 2023, primarily due to its widespread use in industrial applications.

By Key Players
Several key players are shaping the cobalt nitrate market, including:

Umicore
5N Plus
Nihon Kagaku Sangyo
Kansai Catalyst
Chung Hwa Chemical Industrial Works Ltd.
Pacific Organics Pvt Ltd

These companies are focusing on strategic alliances, expansion of production capacities, and R&D activities to strengthen their market presence.

By Process
The cobalt nitrate market can be segmented based on the production process, including:

Synthesis from Cobalt Oxide
Synthesis from Cobalt Carbonate

The synthesis from cobalt oxide process holds a significant share of about 60% due to its efficiency and scalability.

By Application
The various applications contributing to the cobalt nitrate market growth include:

Industrial Catalysts - Accounting for 50% of the market share, cobalt nitrate is crucial in catalytic applications, particularly in the production of chemical intermediates.
Dyes - Cobalt nitrate is widely used in the dye industry for its vibrant color properties.
Ink - The growth of the printing industry fuels the demand for cobalt nitrate inks.
Others - This includes various emerging applications, accounting for 15%.


By End-Use
The end-use industries include:

Chemicals
Coatings
Textiles
Electronics

The chemical sector is expected to dominate the market with a share of approximately 40% due to extensive usage in diverse chemical applications.

By Region
The market has witnessed different growth patterns across regions:

North America - USD 120 million in 2023, expected to grow at a CAGR of 4.8% until 2030 due to the increasing use in industrial applications.
Europe - Holding approximately 30% of the global market share, it is anticipated to grow steadily owing to stringent regulations on emissions, boosting demand for efficient catalysts.
Asia-Pacific - Fastest-growing region, anticipated to grow at a CAGR of 6.5%, driven by industrial expansion in countries like China and India.
Latin America - Stable market growth, expected to reach USD 80 million by 2030.
Middle East & Africa - Growing demand from mining and metallurgy will augment market growth.


Market News on Policy and Companies
Recent regulatory trends in both the United States and the European Union emphasize reducing the environmental impact of cobalt production, which may reshape sourcing policies. Companies are investing heavily in sustainable practices to comply with international regulations. Umicore, for instance, has initiated projects focusing on recycling cobalt to minimize primary sourcing needs. Additionally, the geopolitical situation surrounding cobalt sourcing from the Democratic Republic of the Congo continues to challenge supply stability, driving companies to diversify their supply chains.

Segment Forecasts, 2025 - 2030
Market Forecast
Forecasts suggest that the cobalt nitrate market will maintain an upward trajectory, as the demand from key applications continues to grow. The following are projected market estimates for selected segments based on historical data and trends:

Product Type: Cobalt Nitrate Hexahydrate to maintain its dominance reaching approximately USD 420 million by 2030.
By Application: Industrial catalysts to grow steadily, reaching a market size of around USD 300 million in 2030.
Region: The Asia-Pacific region anticipated to contribute USD 260 million by 2030, becoming the largest market share contributor.


In conclusion, the cobalt nitrate market is poised for notable growth through 2030, driven by increasing applications across several industries, regional market expansions, and shifts towards sustainable practices among key players in the industry.
CHAPTER 1 EXECUTIVE SUMMARY

CHAPTER 2 ABBREVIATION AND ACRONYMS

CHAPTER 3 PREFACE

3.1 Research Scope
3.2 Research Sources
  3.2.1 Data Sources
  3.2.2 Assumptions
3.3 Research Method

CHAPTER 4 MARKET LANDSCAPE

4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users

CHAPTER 5 MARKET TREND ANALYSIS

5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats

CHAPTER 6 INDUSTRY CHAIN ANALYSIS

6.1 Upstream/Suppliers Analysis
6.2 Cobalt Nitrate Analysis
  6.2.1 Technology Analysis
  6.2.2 Cost Analysis
  6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users

CHAPTER 7 LATEST MARKET DYNAMICS

7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics

CHAPTER 8 TRADING ANALYSIS

8.1 Export of Cobalt Nitrate by Region
8.2 Import of Cobalt Nitrate by Region
8.3 Balance of Trade

CHAPTER 9 HISTORICAL AND FORECAST COBALT NITRATE MARKET IN NORTH AMERICA (2020-2030)

9.1 Cobalt Nitrate Market Size
9.2 Cobalt Nitrate Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
  9.5.1 United States
  9.5.2 Canada
  9.5.3 Mexico

CHAPTER 10 HISTORICAL AND FORECAST COBALT NITRATE MARKET IN SOUTH AMERICA (2020-2030)

10.1 Cobalt Nitrate Market Size
10.2 Cobalt Nitrate Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
  10.5.1 Brazil
  10.5.2 Argentina
  10.5.3 Chile
  10.5.4 Peru

CHAPTER 11 HISTORICAL AND FORECAST COBALT NITRATE MARKET IN ASIA & PACIFIC (2020-2030)

11.1 Cobalt Nitrate Market Size
11.2 Cobalt Nitrate Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
  11.5.1 China
  11.5.2 India
  11.5.3 Japan
  11.5.4 South Korea
  11.5.5 Southest Asia
  11.5.6 Australia

CHAPTER 12 HISTORICAL AND FORECAST COBALT NITRATE MARKET IN EUROPE (2020-2030)

12.1 Cobalt Nitrate Market Size
12.2 Cobalt Nitrate Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
  12.5.1 Germany
  12.5.2 France
  12.5.3 United Kingdom
  12.5.4 Italy
  12.5.5 Spain
  12.5.6 Belgium
  12.5.7 Netherlands
  12.5.8 Austria
  12.5.9 Poland
  12.5.10 Russia

CHAPTER 13 HISTORICAL AND FORECAST COBALT NITRATE MARKET IN MEA (2020-2030)

13.1 Cobalt Nitrate Market Size
13.2 Cobalt Nitrate Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
  13.5.1 Egypt
  13.5.2 Israel
  13.5.3 South Africa
  13.5.4 Gulf Cooperation Council Countries
  13.5.5 Turkey

CHAPTER 14 SUMMARY FOR GLOBAL COBALT NITRATE MARKET (2020-2025)

14.1 Cobalt Nitrate Market Size
14.2 Cobalt Nitrate Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price

CHAPTER 15 GLOBAL COBALT NITRATE MARKET FORECAST (2025-2030)

15.1 Cobalt Nitrate Market Size Forecast
15.2 Cobalt Nitrate Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast

CHAPTER 16 ANALYSIS OF GLOBAL KEY VENDORS

16.1 Umicore
  16.1.1 Company Profile
  16.1.2 Main Business and Cobalt Nitrate Information
  16.1.3 SWOT Analysis of Umicore
  16.1.4 Umicore Cobalt Nitrate Sales, Revenue, Price and Gross Margin (2020-2025)
16.2 5N Plus
  16.2.1 Company Profile
  16.2.2 Main Business and Cobalt Nitrate Information
  16.2.3 SWOT Analysis of 5N Plus
  16.2.4 5N Plus Cobalt Nitrate Sales, Revenue, Price and Gross Margin (2020-2025)
16.3 Nihon Kagaku Sangyo
  16.3.1 Company Profile
  16.3.2 Main Business and Cobalt Nitrate Information
  16.3.3 SWOT Analysis of Nihon Kagaku Sangyo
  16.3.4 Nihon Kagaku Sangyo Cobalt Nitrate Sales, Revenue, Price and Gross Margin (2020-2025)
16.4 Kansai Catalyst
  16.4.1 Company Profile
  16.4.2 Main Business and Cobalt Nitrate Information
  16.4.3 SWOT Analysis of Kansai Catalyst
  16.4.4 Kansai Catalyst Cobalt Nitrate Sales, Revenue, Price and Gross Margin (2020-2025)
16.5 Chung Hwa Chemical Industrial Works Ltd.
  16.5.1 Company Profile
  16.5.2 Main Business and Cobalt Nitrate Information
  16.5.3 SWOT Analysis of Chung Hwa Chemical Industrial Works Ltd.
  16.5.4 Chung Hwa Chemical Industrial Works Ltd. Cobalt Nitrate Sales, Revenue, Price and Gross Margin (2020-2025)
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Tables and Figures
Table Abbreviation and Acronyms List
Table Research Scope of Cobalt Nitrate Report
Table Data Sources of Cobalt Nitrate Report
Table Major Assumptions of Cobalt Nitrate Report
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Cobalt Nitrate Picture
Table Cobalt Nitrate Classification
Table Cobalt Nitrate Applications List
Table Drivers of Cobalt Nitrate Market
Table Restraints of Cobalt Nitrate Market
Table Opportunities of Cobalt Nitrate Market
Table Threats of Cobalt Nitrate Market
Table Raw Materials Suppliers List
Table Different Production Methods of Cobalt Nitrate
Table Cost Structure Analysis of Cobalt Nitrate
Table Key End Users List
Table Latest News of Cobalt Nitrate Market
Table Merger and Acquisition List
Table Planned/Future Project of Cobalt Nitrate Market
Table Policy of Cobalt Nitrate Market
Table 2020-2030 Regional Export of Cobalt Nitrate
Table 2020-2030 Regional Import of Cobalt Nitrate
Table 2020-2030 Regional Trade Balance
Figure 2020-2030 Regional Trade Balance
Table 2020-2030 North America Cobalt Nitrate Market Size and Market Volume List
Figure 2020-2030 North America Cobalt Nitrate Market Size and CAGR
Figure 2020-2030 North America Cobalt Nitrate Market Volume and CAGR
Table 2020-2030 North America Cobalt Nitrate Demand List by Application
Table 2020-2025 North America Cobalt Nitrate Key Players Sales List
Table 2020-2025 North America Cobalt Nitrate Key Players Market Share List
Table 2020-2030 North America Cobalt Nitrate Demand List by Type
Table 2020-2025 North America Cobalt Nitrate Price List by Type
Table 2020-2030 United States Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 United States Cobalt Nitrate Import & Export List
Table 2020-2030 Canada Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 Canada Cobalt Nitrate Import & Export List
Table 2020-2030 Mexico Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 Mexico Cobalt Nitrate Import & Export List
Table 2020-2030 South America Cobalt Nitrate Market Size and Market Volume List
Figure 2020-2030 South America Cobalt Nitrate Market Size and CAGR
Figure 2020-2030 South America Cobalt Nitrate Market Volume and CAGR
Table 2020-2030 South America Cobalt Nitrate Demand List by Application
Table 2020-2025 South America Cobalt Nitrate Key Players Sales List
Table 2020-2025 South America Cobalt Nitrate Key Players Market Share List
Table 2020-2030 South America Cobalt Nitrate Demand List by Type
Table 2020-2025 South America Cobalt Nitrate Price List by Type
Table 2020-2030 Brazil Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 Brazil Cobalt Nitrate Import & Export List
Table 2020-2030 Argentina Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 Argentina Cobalt Nitrate Import & Export List
Table 2020-2030 Chile Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 Chile Cobalt Nitrate Import & Export List
Table 2020-2030 Peru Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 Peru Cobalt Nitrate Import & Export List
Table 2020-2030 Asia & Pacific Cobalt Nitrate Market Size and Market Volume List
Figure 2020-2030 Asia & Pacific Cobalt Nitrate Market Size and CAGR
Figure 2020-2030 Asia & Pacific Cobalt Nitrate Market Volume and CAGR
Table 2020-2030 Asia & Pacific Cobalt Nitrate Demand List by Application
Table 2020-2025 Asia & Pacific Cobalt Nitrate Key Players Sales List
Table 2020-2025 Asia & Pacific Cobalt Nitrate Key Players Market Share List
Table 2020-2030 Asia & Pacific Cobalt Nitrate Demand List by Type
Table 2020-2025 Asia & Pacific Cobalt Nitrate Price List by Type
Table 2020-2030 China Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 China Cobalt Nitrate Import & Export List
Table 2020-2030 India Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 India Cobalt Nitrate Import & Export List
Table 2020-2030 Japan Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 Japan Cobalt Nitrate Import & Export List
Table 2020-2030 South Korea Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 South Korea Cobalt Nitrate Import & Export List
Table 2020-2030 Southeast Asia Cobalt Nitrate Market Size List
Table 2020-2030 Southeast Asia Cobalt Nitrate Market Volume List
Table 2020-2030 Southeast Asia Cobalt Nitrate Import List
Table 2020-2030 Southeast Asia Cobalt Nitrate Export List
Table 2020-2030 Australia Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 Australia Cobalt Nitrate Import & Export List
Table 2020-2030 Europe Cobalt Nitrate Market Size and Market Volume List
Figure 2020-2030 Europe Cobalt Nitrate Market Size and CAGR
Figure 2020-2030 Europe Cobalt Nitrate Market Volume and CAGR
Table 2020-2030 Europe Cobalt Nitrate Demand List by Application
Table 2020-2025 Europe Cobalt Nitrate Key Players Sales List
Table 2020-2025 Europe Cobalt Nitrate Key Players Market Share List
Table 2020-2030 Europe Cobalt Nitrate Demand List by Type
Table 2020-2025 Europe Cobalt Nitrate Price List by Type
Table 2020-2030 Germany Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 Germany Cobalt Nitrate Import & Export List
Table 2020-2030 France Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 France Cobalt Nitrate Import & Export List
Table 2020-2030 United Kingdom Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 United Kingdom Cobalt Nitrate Import & Export List
Table 2020-2030 Italy Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 Italy Cobalt Nitrate Import & Export List
Table 2020-2030 Spain Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 Spain Cobalt Nitrate Import & Export List
Table 2020-2030 Belgium Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 Belgium Cobalt Nitrate Import & Export List
Table 2020-2030 Netherlands Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 Netherlands Cobalt Nitrate Import & Export List
Table 2020-2030 Austria Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 Austria Cobalt Nitrate Import & Export List
Table 2020-2030 Poland Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 Poland Cobalt Nitrate Import & Export List
Table 2020-2030 Russia Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 Russia Cobalt Nitrate Import & Export List
Table 2020-2030 MEA Cobalt Nitrate Market Size and Market Volume List
Figure 2020-2030 MEA Cobalt Nitrate Market Size and CAGR
Figure 2020-2030 MEA Cobalt Nitrate Market Volume and CAGR
Table 2020-2030 MEA Cobalt Nitrate Demand List by Application
Table 2020-2025 MEA Cobalt Nitrate Key Players Sales List
Table 2020-2025 MEA Cobalt Nitrate Key Players Market Share List
Table 2020-2030 MEA Cobalt Nitrate Demand List by Type
Table 2020-2025 MEA Cobalt Nitrate Price List by Type
Table 2020-2030 Egypt Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 Egypt Cobalt Nitrate Import & Export List
Table 2020-2030 Israel Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 Israel Cobalt Nitrate Import & Export List
Table 2020-2030 South Africa Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 South Africa Cobalt Nitrate Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Cobalt Nitrate Import & Export List
Table 2020-2030 Turkey Cobalt Nitrate Market Size and Market Volume List
Table 2020-2030 Turkey Cobalt Nitrate Import & Export List
Table 2020-2025 Global Cobalt Nitrate Market Size List by Region
Table 2020-2025 Global Cobalt Nitrate Market Size Share List by Region
Table 2020-2025 Global Cobalt Nitrate Market Volume List by Region
Table 2020-2025 Global Cobalt Nitrate Market Volume Share List by Region
Table 2020-2025 Global Cobalt Nitrate Demand List by Application
Table 2020-2025 Global Cobalt Nitrate Demand Market Share List by Application
Table 2020-2025 Global Cobalt Nitrate Capacity List
Table 2020-2025 Global Cobalt Nitrate Key Vendors Capacity Share List
Table 2020-2025 Global Cobalt Nitrate Key Vendors Production List
Table 2020-2025 Global Cobalt Nitrate Key Vendors Production Share List
Figure 2020-2025 Global Cobalt Nitrate Capacity Production and Growth Rate
Table 2020-2025 Global Cobalt Nitrate Key Vendors Production Value List
Figure 2020-2025 Global Cobalt Nitrate Production Value and Growth Rate
Table 2020-2025 Global Cobalt Nitrate Key Vendors Production Value Share List
Table 2020-2025 Global Cobalt Nitrate Demand List by Type
Table 2020-2025 Global Cobalt Nitrate Demand Market Share List by Type
Table 2020-2025 Regional Cobalt Nitrate Price List
Table 2025-2030 Global Cobalt Nitrate Market Size List by Region
Table 2025-2030 Global Cobalt Nitrate Market Size Share List by Region
Table 2025-2030 Global Cobalt Nitrate Market Volume List by Region
Table 2025-2030 Global Cobalt Nitrate Market Volume Share List by Region
Table 2025-2030 Global Cobalt Nitrate Demand List by Application
Table 2025-2030 Global Cobalt Nitrate Demand Market Share List by Application
Table 2025-2030 Global Cobalt Nitrate Capacity List
Table 2025-2030 Global Cobalt Nitrate Key Vendors Capacity Share List
Table 2025-2030 Global Cobalt Nitrate Key Vendors Production List
Table 2025-2030 Global Cobalt Nitrate Key Vendors Production Share List
Figure 2025-2030 Global Cobalt Nitrate Capacity Production and Growth Rate
Table 2025-2030 Global Cobalt Nitrate Key Vendors Production Value List
Figure 2025-2030 Global Cobalt Nitrate Production Value and Growth Rate
Table 2025-2030 Global Cobalt Nitrate Key Vendors Production Value Share List
Table 2025-2030 Global Cobalt Nitrate Demand List by Type
Table 2025-2030 Global Cobalt Nitrate Demand Market Share List by Type
Table 2025-2030 Cobalt Nitrate Regional Price List
Table Umicore Information
Table SWOT Analysis of Umicore
Table 2020-2025 Umicore Cobalt Nitrate Product Capacity Production Price Cost Production Value
Figure 2020-2025 Umicore Cobalt Nitrate Capacity Production and Growth Rate
Figure 2020-2025 Umicore Cobalt Nitrate Market Share
Table 5N Plus Information
Table SWOT Analysis of 5N Plus
Table 2020-2025 5N Plus Cobalt Nitrate Product Capacity Production Price Cost Production Value
Figure 2020-2025 5N Plus Cobalt Nitrate Capacity Production and Growth Rate
Figure 2020-2025 5N Plus Cobalt Nitrate Market Share
Table Nihon Kagaku Sangyo Information
Table SWOT Analysis of Nihon Kagaku Sangyo
Table 2020-2025 Nihon Kagaku Sangyo Cobalt Nitrate Product Capacity Production Price Cost Production Value
Figure 2020-2025 Nihon Kagaku Sangyo Cobalt Nitrate Capacity Production and Growth Rate
Figure 2020-2025 Nihon Kagaku Sangyo Cobalt Nitrate Market Share
Table Kansai Catalyst Information
Table SWOT Analysis of Kansai Catalyst
Table 2020-2025 Kansai Catalyst Cobalt Nitrate Product Capacity Production Price Cost Production Value
Figure 2020-2025 Kansai Catalyst Cobalt Nitrate Capacity Production and Growth Rate
Figure 2020-2025 Kansai Catalyst Cobalt Nitrate Market Share
Table Chung Hwa Chemical Industrial Works Ltd. Information
Table SWOT Analysis of Chung Hwa Chemical Industrial Works Ltd.
Table 2020-2025 Chung Hwa Chemical Industrial Works Ltd. Cobalt Nitrate Product Capacity Production Price Cost Production Value
Figure 2020-2025 Chung Hwa Chemical Industrial Works Ltd. Cobalt Nitrate Capacity Production and Growth Rate
Figure 2020-2025 Chung Hwa Chemical Industrial Works Ltd. Cobalt Nitrate Market Share
Table Pacific Organics Pvt Ltd Information
Table SWOT Analysis of Pacific Organics Pvt Ltd
Table 2020-2025 Pacific Organics Pvt Ltd Cobalt Nitrate Product Capacity Production Price Cost Production Value
Figure 2020-2025 Pacific Organics Pvt Ltd Cobalt Nitrate Capacity Production and Growth Rate
Figure 2020-2025 Pacific Organics Pvt Ltd Cobalt Nitrate Market Share
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